CEOs: Shipping Must Rise to the Biggest Technology Challenge in 100 Years

Mansa

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 The shipping industry must rise to the biggest technology challenge in 100 years in order to meet its decarbonization ambitions, a group of 34 maritime CEOs and industry leaders stressed in a call for action towards a new decarbonized future. The CEOs support the International Maritime Organization’s (IMO) climate strategy to reduce the total greenhouse gas
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The Shell Shipping & Maritime managed Cardissa can hold around 6,500 cubic metres of LNG fuel. The operation marked a number of other firsts, as it fueled the Sovcomflot’s vessel Gagarin Prospect, the world’s first LNG-powered Aframax tanker. It was also the first ship-to-ship LNG bunkering to take place in the Port of Rotterdam, the
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The Maritime and Port Authority of Singapore has joined SEA\LNG, a multi-sector industry coalition aiming to accelerate the adoption of liquefied natural gas (LNG) as a marine fuel. This was announced during Singapore International Bunkering Conference and Exhibition (SIBCON) being held from October 2 to 5, 2018. The MPA becomes the third port member to join the
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Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, recently reviewed the sectoral export promotion plans prepared by Ministries and Departments of the Government of India. The Commerce Ministry is focusing on nine sectors- gems and jewellery, leather, textile and apparel, engineering, electronics, chemicals and petrochemicals, pharma, agri and allied and marine products
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India’s Maritime Administration must initiate major regulatory reforms for maritime training and education sector to calibrate its sea-faring supply side mechanism as countries with smaller population has out-stripped India in the supply of seafarers and marine officers. According to a white paper issued by Maritime Association of Nationwide Shipping Agencies (MANSA) states, “Unless issues relating
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Dr. M. Beena IAS, a native of Trivandrum and doctor by profession, has assumed the charge as Chairman, Cochin Port Trust on 04 Oct 2018. She was the Managing Director, KSIDC and CEO, Smart City Trivandrum prior to joining Cochin Port Trust. She was also the Managing Director to the Roads & Bridges Development Corporation,
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Denmark-based shipowner Nordic Shipholding A/S has breached some of its loan covenants due at September 30, 2018, the company said. As disclosed, during the third quarter of 2018 the tanker market had continued to weaken and reached levels not seen for decades. This has resulted in a tightened cash-flow for Nordic Shipholding, making the company
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Connecticut-based Eagle Bulk Shipping is looking to secure an amendment to the Eagle Bulk ShipCo bond terms in an effort to finance more exhaust gas cleaning system retrofits. Namely, the company has mandated DNB Markets, Fearnley Securities and SEB to arrange a series of meetings from October 5, 2018 with existing holders of the USD 200 million
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The California Air Resources Board (CARB) has awarded USD 3 million to the Port of Hueneme to fund its ship to shore zero emission energy project. This project was a part of a joint application with the Port of Los Angeles for the statewide Zero- and Near Zero- Emission Freight Facilities (ZANZEFF) Grant solicitation funded
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Hamburg Vessel Coordination Center (HVCC) and towage services provider Kotug Smit Towage plan to work together at the Port of Hamburg in order to coordinate preliminary planning for ship calls and departures, and the associated tug services. The move is expected to further optimize the efficiency and quality of ship handling in the Port of
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